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Old 04-24-2012 | 07:59 AM
  #96628  
johnso29
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Joined: Oct 2006
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From: B757/767
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Originally Posted by shiznit
Ok.... No one else wants to comment on the news out today that DAL wants to increase their investment in GOL from 3% up to 20%???

Lots of articles on yahoo major airline news about it...

Let's do the math:

GOL 3% stake = $200,000,000 from DAL coffers

roughly 1% = $66,666,666 million for each 1% investment

Increasing the DAL stake by 17%....

DAL puts out an additional $1,133,333,333. Yes, OVER ONE BILLION DOLLARS!!!!!

That says the company is seeing VERY strong revenues and will be able to pay up for the restoration of the pilot contract!

Here's the latest

Gol Linhas denies Delta Air Lines may increase stake, Bloomberg says - Yahoo! Finance